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Muscle Maker Grill files for an IPO
Investors Can Now Invest in Rapidly Expanding Fast-Casual Restaurant Brand Offering Nutritious Alternatives to Traditional Dishes
HOUSTON, TX, Dec. 18, 2017 (GLOBE NEWSWIRE) -- Muscle Maker, Inc.
(“Muscle Maker”), the owner of Muscle Maker Grill, the rapidly expanding fast-casual restaurant brand promoting a healthy lifestyle by offering nutritious alternatives to traditional dishes, today announced that its $19.950 million initial public offering (“IPO”) under Regulation A has been qualified by the Securities and Exchange Commission (SEC) and investors may now invest at www.banq.co/listings/mm.
Muscle Maker is offering 4,200,000 shares of common stock at $4.75 per share.
Muscle Maker Grill Files for an IPO
Muscle Maker has applied to list its common stock on the NYSE American and if approved by the NYSE American, will trade under the anticipated ticker symbol “MMB”, subject to NYSE American requirements.
The offering is expected to close January 10. All orders must be indicated by Friday, January 5, 2018.
TriPoint Global Equities, LLC, working with its online division BANQ® (www.banq.co), is the lead managing selling agent and sole book runner for the IPO. Muscle Maker seeks to raise up to $19.950 million in its IPO under Regulation A+, and intends to use the proceeds from the offering to fund domestic and international expansion, working capital and other general corporate purposes.
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This offering allows the investor the opportunity to invest in its healthier-focused concept. Providing healthier fuel for an active lifestyle, the brand famous for serving lean, protein-based dishes including fresh greens, healthy wraps, fit bowls, skinny flatbreads, fruit smoothies, protein shakes and more, is actively seeking capital to support its domestic and international expansion plan.
Individuals interested in investing and learning more about the Muscle Maker Regulation A+ investment opportunity can visit www.banq.co/listings/mm.
For additional information on Muscle Maker, Inc., the offering and any other related topics, please review the Form 1-A offering circular that can be found at the following location (https://goo.gl/955dfV).
“We are thrilled to be able to begin offering shares of common stock of Muscle Maker, Inc.
to investors and loyal guests,” said Robert E.
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Morgan, President and Chief Executive Officer of Muscle Maker, Inc. “This offering will help support the growth of our healthier food concept both domestically and internationally, and meet the demand for customers looking for delicious and healthy alternatives to traditional fast food options.”
Founded in 1995, Muscle Maker Grill’s diverse menu was created for the masses, including fitness enthusiasts, those starting their journey to a healthier lifestyle, and people trying to eat better while on-the-go.
Providing “Great Food with Your Health in Mind,” Muscle Maker Grill’s menu features items with grass-fed steak and all-natural chicken, as well as options that satisfy the most popular dietary preferences – from the carb-free consumer to guests following gluten-free and vegetarian diets. Muscle Maker Grill does not sacrifice taste to serve healthy options. Now, guests can have delicious, nutritionally balanced food without the regret. More than just food, Muscle Maker Grill restaurants are a friendly, relaxed and social environment where guests can enjoy great-tasting food and engage with fellow health enthusiasts in their local area.
About Muscle Maker, Inc.
Muscle Maker, Inc. is the owner of the restaurant concept Muscle Maker Grill. Muscle Maker Grill features high-quality, great-tasting food, freshly prepared with the guest’s health in mind.
Its lean, protein-based menu features chicken, steak, seafood, pasta, wraps, and entrée salads.
Muscle Maker Grill also offers a wide selection of fruit smoothies with a variety of assorted flavors, protein shakes and supplements. With offices in Colonia, NJ and Houston, TX, Muscle Maker Grill has more than 53 franchised and corporate restaurants operating in 14 states.
For more information on Muscle Maker Grill, including how to become a franchise partner, visit www.musclemakergrill.com.
This press release may include ''forward-looking statements.'' To the extent that the information presented in this press release discusses financial projections, information, or expectations about our business plans, results of operations, products or markets, or otherwise makes statements about future events, such statements are forward-looking.
Such forward-looking statements can be identified by the use of words such as ''should,'' ''may,'' ''in-tends,'' ''anticipates,'' ''believes,'' ''estimates,'' ''projects,'' ''forecasts,'' ''expects,'' ''plans,'' and ''proposes.'' Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements.
You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading "Risk Factors" and elsewhere in the offering statement that we will file with the SEC. Forward-looking statements speak only as of the date of the document in which they are contained, and Muscle Maker Grill does not undertake any duty to update any forward-looking statements except as may be required by law.
The offering will be made only by means of an offering circular.
An offering statement on Form 1-A relating to these securities has been filed with the U.S.
Securities and Exchange Commission and has become qualified. The securities offered by Muscle Maker, Inc.
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are highly speculative. Investing in shares of common stock of Muscle Maker, Inc. involves significant risks. The investment is suitable only for persons who can afford to lose their entire investment.
Furthermore, investors must understand that such investment could be illiquid for an indefinite period of time. No public market currently exists for the securities, and if a public market develops following the offering, it may not continue.
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For additional information on Muscle Maker, Inc., the offering and any other related topics, please review the Form 1-A offering circular that can be found at the following location (https://goo.gl/955dfV). Additional in-formation concerning Risk Factors related to the offering, including those related to the business, government regulations, intellectual property and the offering in general, can be found at the following location (www.banq.co/listings/mm#documentation and select the Risk Factors Tab).